The market demand curve shows how the total quantity demanded of a good varies as the income of buyers varies, while all the other factors that affect how much consumers want to buy are held constant
a. True
b. False
Indicate whether the statement is true or false
False
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Suppose oil prices suddenly begin to rise and the Fed announces that the increase in oil prices are not expected to generate excessive inflation
If the Fed is incorrect in its assumption that rising oil prices will not generate excessive inflation and the inflation rate increases before the Fed takes corrective action, then other things equal, this would result in ________ and ________. A) the IS curve shifting to the right; a movement up the Phillips curve B) the IS curve shifting to the left; a movement down the Phillips curve C) the MP curve shifting up; a movement up the Phillips curve D) the MP curve shifting down; a movement down the Phillips curve
Collective bargaining refers to
A) negotiations between workers and health officials. B) negotiations between management of a company and a labor union. C) farming methods in Marxist states. D) the process of electing union leaders.
In the real world, the actual multiplier is ____ the simplified multiplier
a. much larger than b. slightly larger than c. equal to d. slightly smaller than e. much smaller than
The slope of a production possibilities curve is positive.
Answer the following statement true (T) or false (F)